Download Certified in Risk and Information Systems Control.CRISC.TestKing.2020-05-13.512q.tqb

Threats and vulnerabilities change over time and KRI maintenance ensures that KRIs continue to effectively capture these changes. The risk environment is highly dynamic as the enterprise's internal and external environments are constantly changing. Therefore, the set of KRIs needs to be changed over time, so that they can capture the changes in threat and vulnerability. Incorrect Answers:A: Risk avoidance is one possible risk response. Risk responses are based on KRI reporting, but is not the reason for maintenance of KRIs.B: While most key risk indicator (KRI) metrics need to be optimized in respect to their sensitivity, the most important objective of KRI maintenance is to ensure that KRIs continue to effectively capture the changes in threats and vulnerabilities over time. Hence the most important reason is that because of change of threat and vulnerability overtime.C: Risk reporting timeliness is a business requirement, but is not a reason for KRI maintenance.

The risk responses that do not exist up till then, should be included in the organization's lessons learned database so other project managers can use these responses in their project if relevant. Incorrect Answers:A: The responses are not in the project management plan, but in the risk response plan during the project and they'll be entered into the organization's lessons learned database.B: The risk responses are included in the risk response plan, but after completing the project, they should be entered into the organization's lessons learned database.D: If the new responses that were identified is only included in the project's risk register then it may not be shared with project managers working on some other project.

Steps involving in calculating risk priority number are as follows:Identify potential failure effects Identify potential causes Establish links between each identified potential cause Identify potential failure modes Assess severity, occurrence and detection Perform score assessments by using a scale of 1 -10 (low to high rating) to score these assessments. Compute the RPN for a particular failure mode as Severity multiplied by occurrence and detection.    RPN = Severity * Occurrence * Detection Hence,    RPN = 4 * 5 * 6             = 120 Incorrect Answers:B, C, D: These are not RPN for given values of severity, occurrence, and detection.